$FTT
☠️ Dead Coins: The Crypto Graveyard No One Talks About
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Ever opened your wallet and seen random tokens you don’t remember buying? Welcome to the world of dead coins—cryptos that are no longer active because they were abandoned, were scams, or just lost all interest.
🧟 What’s a Dead Coin?
A dead coin is a crypto that no longer has any life. Here’s why that can happen:
Abandoned: The team behind it disappears and stops updating the project.
Scam: Some were created just to steal money (like rug pulls or Ponzi schemes).
No Trading: If barely anyone is buying or selling it (under $1,000 a month), it’s likely dead.
No Online Activity: If the website is down and their social media is quiet, that’s a big warning sign.
According to CoinGecko, over 14,000 coins died between 2014 and 2023. That’s more than half of all cryptos ever made during that time!
⚰️ Famous Dead Coins
$BCC – Once popular, but turned out to be a Ponzi scheme and died in 2018.
$FTT – Crashed after the FTX exchange went down, losing 80% in a few days.
$LUNA – Dropped 99% in value when its stablecoin UST lost its peg.
🧠 How to Avoid Dead Coins
☞ Research: Look into who’s building the project and their goals.
☞ Check Volume: If barely anyone is trading it, it might be a bad sign.
☞ Watch Development: Are they still working on it? Check GitHub or update logs.
☞ Don’t Trust the Hype: If it’s all talk and no substance, be careful.
Final Tip: Just because a coin looks shiny doesn’t mean it’s worth your money. Stay smart and protect your crypto.